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Message: another 2007 release

I did the bolding in the paragraph below.

"Additional channel samples collected from the 12-m level returned 60cm of
28.9g/t Au (0.84 oz/t) from the West Vein and 33cm of 14.85g/t (0.43 oz/t)
from the East Vein. In addition to gold occurring within the quartz veins,
samples collected at the 12-m level revealed that gold also occurs within the
sheared granodiorite foot-wall of the West Vein (55cm grading 8.45g/t Au (0.25
oz/t) and in the sheared andesite hanging-wall of the West Vein (40cm grading
3.19g/t (0.09 oz/t) with 0.86% Copper."

  • April 2, 2007 11:17 AM
  • - Financial
  • - Natural Resource Discoveries
  • - Mining
  • St. Elias Mines Ltd. Discovers High-Grade Gold at Zona Central

        VANCOUVER, BRITISH COLUMBIA, April 2 /CNW/ - Lori McClenahan, President
    of St. Elias Mines Ltd. (TSX VENTURE:SLI) (U.S. Clearing Symbol:SELSF) (the
    "Company"), is pleased to announce the discovery of high-grade gold on the A-4
    Vein System within the Zona Central area of the Tesoro Gold Project (the
    "Property") located in southwestern Peru. Channel sample results from the 12-m
    level of the A-4 shaft include 1.0m of 71.6g/t Au (2.08 oz/t) and 60cm of
    33.2g/t Au (0.97 oz/t). The discovery was made as a result of cleaning out a
    short, rubble-filled shaft. The Company has subsequently deepened this shaft
    from approximately 7m to 35m (115 feet).
    
        Zona Central
    
        Zona Central is located approximately 750m southeast of the ZCV#1 Vein. A
    map showing the location of the Zones within the Property can be viewed at
    http://www.steliasmines.com/properties/PeruFig3.pdf. Zona Central, located
    within the northern area of the Property, is one of five gold-bearing zones
    identified to date on the Property.
    
        The A-4 Vein System, comprised of two know veins, is part of eight other
    main veins (or vein swarms) with an aggregate length of approximately 3,000m,
    within an area measuring 1,000m x 1,200m, that comprise Zona Central. On
    surface, the A-4 Vein System extends for at least 650 meters, has a
    northwesterly strike and varies in width between 25cm and 43cm.
    
        The A-4 shaft was originally sunk by informal miners to follow a single
    quartz vein hosted within a shear zone. Much to Company's delight, at the 8-m
    level, a second vein was encountered that is up to 1.0 meter wide and commonly
    contains coarse visible gold. The two veins are separated by a sheared
    andesite dyke that is generally 40cm in width. Both the original vein and the
    new vein have been traced continuously to the current base of the A-4 shaft
    (35-m level). These two veins are now referred to as the East Vein (original
    vein) and the West Vein (new vein), and the overall structure is referred to
    as the A-4 Vein System.
    
        So far, the A-4 shaft has been completed utilizing a 75kg hoist system. A
    500kg capacity hoist system is enroute to the project for installation at the
    A-4 shaft.
    
        Additional channel samples collected from the 12-m level returned 60cm of
    28.9g/t Au (0.84 oz/t) from the West Vein and 33cm of 14.85g/t (0.43 oz/t)
    from the East Vein. In addition to gold occurring within the quartz veins,
    samples collected at the 12-m level revealed that gold also occurs within the
    sheared granodiorite foot-wall of the West Vein (55cm grading 8.45g/t Au (0.25
    oz/t) and in the sheared andesite hanging-wall of the West Vein (40cm grading
    3.19g/t (0.09 oz/t) with 0.86% Copper.
    
        Zona Canchete
    
        At Zona Canchete, the ZCV#1 shaft has been deepened to 60 meters and a
    drift is being developed on this level. Three vein samples have been collected
    to date from the shaft between the 40-m and 60-m levels. These returned
    13.8g/t gold (0.39 oz/t) across 10cm, 35.2g/t (1.03 oz/t) across 14cm, and
    43.3g/t (1.26 oz/t) across 15cm.
    
        To date, a total of 233.3 tonnes of bulk sample material from the ZCV#1
    Vein has been processed at the Dynacor milling facility. The average gold
    grade of the bulk samples was 0.98 opt and 90% gold recovery was reported by
    the mill.
    
        Sample preparation and analytical work was undertaken at ALS Chemex SA
    laboratory (an ISO certified 9002 facility) in Lima, Peru using standard
    industry practice fire assay with AA finish. Samples believed to contain
    higher gold grades are assayed by process Au-SR21 (Screen Coarse Metallics).
    
        All technical work is being supervised by, and the contents of this news
    release have been verified by, John Brophy, P.Geo, a Canadian geologist
    residing in Peru, who is an independent qualified person as defined in
    National Instrument 43-101, Standards of Disclosure for Mineral Properties.
    
        The Tesoro Gold Property is 100% owned by the Company with no underlying
    royalties. The Property, located in the prolific 300km x 30km Nazca-Ocona gold
    belt of southwestern Peru, hosts multiple epithermal gold-bearing veins which
    have been traced for a strike length of over 6.5km. To date, more than 70 gold
    deposits have been exploited in this region. The Property is located between
    two gold deposits/mining camps. Dynacor Mines Ltd. (T-DYN) , the owner of the
    claims located immediately northwest of the Property, published a gold
    resource of +606,611 oz at 16.4g/t (on only 3 of 10 veins discovered to date)
    and has subsequently announced the discovery of additional veins carrying
    comparable gold grades.
    
        For additional information on St. Elias and its projects, please visit us
    at www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada).
    
        ST. ELIAS MINES LTD.
    
        (signed "Lori McClenahan")
    
        Lori McClenahan,
    
        President
    
        The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or the accuracy of the contents of this
    document.
    
        This news release contains forward-looking statements regarding the
    ongoing and upcoming exploration work and expected geometry of geological
    formations and structures. Actual results may differ materially from those
    currently anticipated in such statements.
    
    
    
    
    For further information: St. Elias Mines Ltd. Lori McClenahan, President
    Telephone: 604-669-4677 Facsimile: 604-669-9626 Toll Free: 888-895-5522 Web
    Site: www.steliasmines.com
         
    http://www.newswire.ca/en/story/52709/st-elias-mines-ltd-discovers-high-grade-gold-at-zona-central

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